How Much the Average Senior Gets From Social Security

February 16, 2017

Though there are numerous possible channels of income available to senior citizens once they retire, Social Security can arguably be described as the most vital.

According to data from the Social Security Administration (SSA), 61% of all seniors currently receiving benefits, as well as 71% of unmarried elderly beneficiaries, count on their Social Security benefits to comprise at least half of their monthly income. This data agrees with a somewhat recent Gallup survey, which found that 59% of seniors rely on their Social Security benefits to make up a “major” part of their income.

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